# Northeast Electric sells Xindongbei Electric (Jinzhou) Power Capacitor

Northeast Electric's subsidiaries Shenyang Kaiyi Electric and Gaocai Technology are selling 100% equity of Xindongbei Electric (Jinzhou) Power Capacitor to Jiangsu Ankang Solar Thermal Power System Technology for RMB 135 million. The transaction is completing registration of equity transfer.

- Type: Acquisition
- Announced: 2018-10-12
- Where: China
- Value: $19.6M (135.0M CNY)
- Status: under construction
- Products: power capacitors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Northeast Electric](https://endata.com/companies/34849.md)
- [Jiangsu Ankang Solar Thermal Power System Technology](https://endata.com/companies/34850.md) (acquirer)
- [Xindongbei Electric (Jinzhou) Power Capacitor](https://endata.com/companies/34851.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/156669.html), 2018-10-12: "交易各方已经按照扣除初步测算的过渡期损益后的股权转让价格完成支付，正在办理股权交割的工商登记。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.